In the event thatI was to purchase a freehold homein Castle Vale mortgage fee and have no survey and no conveyancing searches how much could I expect to to save on my conveyancing in Castle Vale?
The only reduction in fees you would achieve is the Castle Vale conveyancing searches. The conveyancer still got to do everything else - money laundering, liaising with your sellers solicitor, stamp duty submission, register the property etc. A slight saving might be made by not needing to register a charge however it will not be meaningful.
My wife and I have recently appointed a conveyancing solicitor in Castle Vale. I I am struggling to find out if they are accepted on the HSBC Bank conveyancing panel. Could you assist?
The first thing to do is contact the lawyer and enquire whether they are on the lender panel. Otherwise you can get in touch with HSBC Bank who may be able to confirm.
Will my lawyer be making enquiries about flooding during the conveyancing in Castle Vale.
Flooding is a growing risk for conveyancers dealing with homes in Castle Vale. There are those who acquire a house in Castle Vale, fully expectant that at some time, it may be flooded. However, aside from the physical destruction, if a house is at risk of flooding, it may be difficult to obtain a mortgage, adequate building insurance, or dispose of the premises. Steps can be carried out during the course of a property purchase to forewarn the purchaser.
Lawyers are not best placed to offer advice on flood risk, however there are a numerous searches that may be undertaken by the purchaser or on a buyer’s behalf which will give them a better appreciation of the risks in Castle Vale. The conventional set of property information forms sent to a purchaser’s conveyancer (where the solicitors are adopting what is known as the Conveyancing Protocol) contains a standard inquiry of the vendor to discover if the premises has suffered from flooding. In the event that flooding has previously occurred and is not disclosed by the vendor, then a buyer may commence a legal claim for losses stemming from an incorrect reply. A buyer’s lawyers will also carry out an enviro report. This will indicate whether there is a recorded flood risk. If so, additional inquiries will need to be carried out.
I decided to have a survey completed on a house in Castle Vale prior to retaining lawyers. I have been advised that there is a flying freehold aspect to the property. The surveyor advised that some banks will refuse to grant a loan on a flying freehold premises.
It depends who your proposed lender is. HSBC has different requirements from Nationwide. Should you wish to telephone us we can investigate further with the relevant bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Castle Vale. Conveyancing will be smoother if you use a solicitor in Castle Vale especially if they are familiar with such properties in Castle Vale.
How do I use your search tool to find a conveyancing solicitor in Castle Vale on the panel for my lender?
Step one is to select a bank such as Santander, The Mortgage Works or Britannia then choose your location such as Castle Vale. Conveyancing organisations in Castle Vale and beyond will then be listed.